Examlex
Explain the difference between state-centered federalism and nation-centered federalism.
Revealed Preference
A theory suggesting that the preferences of consumers can be understood from their purchasing habits and choices.
Strong Axiom
A mathematical condition used in decision theory and economic models that strengthens the requirements for consumer choice consistency over time or across different conditions.
Revealed Preference
A theory that determines consumer's preferences by observing their purchasing habits and behaviors instead of their preferences being explicitly stated.
Revealed Preference
A theory that assumes individuals' preferences can be determined by their purchasing habits.
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